Lido DAO Price Analysis & Prediction (June 5th) – LDO Gains 17% Weekly After Bouncing Off a Solid Level

2023-6-6 08:53

Lido resumes bullish after successfully breaking above a crucial resistance trendline. It retested the trendline as support yesterday and now surging toward a key resistance level. But it seems to be facing resistance.

After losing momentum for three months, LDO found support above the $1.5 level and bounced off to the peak of $2.5. It encountered sudden rejection and marked the peak price as resistance in mid-May.

The rejection led to a steady drop for more than a week before it found a solid level at $1.92 last weekend. It initiated a fresh buy and broke through a crucial resistance trendline to mark a weekly high at $2.2 on Monday. 

A rejection from that high activated a three-day drop to retest the trendline, bouncing back with a daily 10% gain. This put the price above Monday’s high but it is now facing a key resistance at $2.3. An increase above this key resistance should allow more room for buying.

If a rejection occurs, the price could retrace a little before rising back. The bulls are slowly gaining control with the latest price gains. Last month’s low is still holding as support. A drop below it will trigger a major drop on the daily chart.

Despite the latest surge, the daily volume indicator is still a bit low right now. We can expect it to start increasing as soon as the price advances.

LDO’s Key Level To Watch Source: Tradingview

The closest level to keep in mind for a pullback lies at $2.1 and $2 on the lower time frame. If those levels fail, the immediate supports to consider are $1.85 and $1.57 – last month’s low. A breakdown from there could slip the price to $1.3 in no time. 

Above the current trading level, the nearest resistance level to keep an eye on is $2.6, followed by $3 and $3.3, which lies as a breakout level for a strong buy.

Key Resistance Levels: $2.6, $3, $3.3

Key Support Levels: $1.85, $1.57, $1.3

Spot Price: $2.3 Trend: Bearish Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: dangpham/123RF // Image Effects by Colorcinch

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Resistance (RES) на Currencies.ru

$ 0.0018624 (+0.63%)
Объем 24H $3.518k
Изменеия 24h: 0.10 %, 7d: 11.67 %
Cегодня L: $0.0018624 - H: $0.0018624
Капитализация $0 Rank 3118
Доступно / Всего 0 RES

resistance level trendline lido yesterday support retested

Источник: nulltx.com

resistance level → Результатов: 126


Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – May 22

A bullish break will propel the crypto’s price to rally above the $8,500 price level. Similarly, a bearish break will further depreciate the crypto to a low at $7,400 price level. BTC/USD Medium-term Trend: Bullish Resistance Levels: $8,250, $8,500, $8,250 Support levels: $7,750, $7,500, $7, 250 Yesterday, May 21, the price of Bitcoin was in […]

2019-5-22 10:45


Verge (XVG) Price Analysis And Prediction 2019 – XVG Consolidating And Forming Bullish Patterns (May 21st Update)

Mid May Update: Technicals 4H XVGBTC XVG is at 134 sats, resting at its EMA20, after its rally from couple of days ago got rejected at the sturdy resistance of 151 sats. The subsequent pullback was a strong one and XVG slumped all the way down to the breakdown level of 120 sats but has […] The post Verge (XVG) Price Analysis And Prediction 2019 – XVG Consolidating And Forming Bullish Patterns (May 21st Update) appeared first on CaptainAltcoin.

2019-5-22 22:46


Bitcoin Recovers to $8,000 – Why The Market Sentiment Is Now Different

Earlier last week Bitcoin reached an important resistance level of around $8,300 and with many expecting a decisive move to occur, either way, BTC fell in price and even dropped as low as $6,400. However, what was interesting to observe was just how quick BTC managed to recover when many expected the decline in price […] The post Bitcoin Recovers to $8,000 – Why The Market Sentiment Is Now Different appeared first on ZyCrypto.

2019-5-21 22:20


Verge (XVG) Price Analysis And Prediction 2019 – XVG Is In a Limbo After a Hefty Pullback (Mid May Update)

Mid May Update: Technicals 4H XVGBTC XVG is at 129 sats, resting at its EMA20, after its rally from couple of days ago got rejected at the sturdy resistance of 151 sats. The subsequent pullback was a strong one and XVG slumped all the way down to the breakdown level of 120 sats but has […] The post Verge (XVG) Price Analysis And Prediction 2019 – XVG Is In a Limbo After a Hefty Pullback (Mid May Update) appeared first on CaptainAltcoin.

2019-5-18 22:36


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Eclipse Labs appoints new CEO after investors ‘urge’ founder to resign

Eclipse Labs replaced Neel Somani with Vijay Chetty as the firm's new CEO Investors, led by Hack VC, could have played a role in the change in management  Eclipse Labs has replaced its founThe post Eclipse Labs appoints new CEO after investors ‘urge’ founder to resign appeared first on AMBCrypto.

Is Arbitrum's latest record good news for ARB's price? Metrics say...

Arbitrum active addresses registered figures of 900,000 for consecutive days ARB's market trend has continued to fall though Arbitrum is in the news today after it seemed to solidify its posThe post Is Arbitrum's latest record good news for ARB's price? Metrics say... appeared first on AMBCrypto.

XRP whales add $55 million, but the price falls again - What's happening?

XRP whales have increased their accumulation of the token over the last 14 days However, this failed to affect the altcoin's price positively XRP's price has maintained a downtrend on the chThe post XRP whales add $55 million, but the price falls again - What's happening? appeared first on AMBCrypto.

Countdown to Notcoin's Binance listing - Will NOT and TON profit from it?

78% of NOT’s total supply will be allocated to miners  TON turned bearish as its price dropped by more than 3.5% The wait for the much-hyped Notcoin [NOT] launch is about to end soon. As The post Countdown to Notcoin's Binance listing - Will NOT and TON profit from it? appeared first on AMBCrypto.